The Employees' Provident Fund Office in Chennai said it intends to attach the properties of the promoters of struggling retail chain Subhiksha to meet provident fund dues for around 4,500 employees in and around the city.
As per the EPFO income projections, retaining 8.8 per cent rate of interest for the current fiscal would have left a deficit of Rs 383 crore. Hence, it was lowered to 8.65 per cent
Religious institutions and charitable trusts employing 20 workers or more will have to deposit employees' provident fund with the EPFO.
From 100% tax deductions for contributions to PM-CARES fund to extending the due date for linking Aadhar and PAN card, the government has provided various tax relief and extensions in deadlines for statutory compliances, says Homi Mistry.
In a discussion paper, the Department of Industrial Policy and Promotion has suggested creation of new service entities to which most of the statutory compliances, under the labour laws for small and medium enterprises, can be outsourced.
With the new facility, settling PF withdrawal claims would just take few hours.
Under the proposed scheme, there will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment.
The Employment Provident Fund Office may introduce social security number (SSN), a unique 14-digit identity number for all provident fund subscribers, in West Bengal within this year.
Guffaw seeing these frontrunners in the Comedy Wildlife Photography Awards 2022.
The city police commissioner has promulgated prohibitory orders under Section 144 of Code of Criminal Procedure in the limits of Bengaluru city till the midnight of April 22.
At least two Karnataka State Road Transport Corporation buses and one of Bengaluru Metropolitan Transport Corporation have been set on fire, they said.
There are differences between the ministries of labour and finance on the issue.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The Finance Audit and Investment committee recommended 8.95% interest.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual fund queries.
Retirement fund body EPFO will provide permanent or universal account numbers on the pattern of core banking services to its over 5 crore active subscribers.
Taxing the existing retirement benefits schemes would affect the working class, the labour ministry said.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Once in place, the new system is expected to benefit around 60 million workers covered under EPFO.
Richardson and Cruddas Limited, Khatau Makani Spinning and Weaving Mill, and Mafatlal Industries were among the 10 top defaulting establishments in Maharashtra who had failed to pay up their contribution to the Employees Provident Fund Scheme.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The Central Bureau of Investigation (CBI) on Tuesday conducted raids on the premises of noted builders Hiranandani brothers, who have been accused of "evasion" of employees provident fund.The raids have been conducted at eight places belonging to Hiranandani brothers in the city.
Once approved by the finance ministry, the rate hike will benefit six crore EPFO subscribers.
Meet a Mumbai couple whose hearts are so big that they emptied out their entire savings to help feed the poor and needy during the COVID-19 pandemic.
In a statement, Jayalalithaa said it was unfortunate that the EPF board decided to retain the interest rate at 8.5 per cent, amidst opposition from the huge work force of the country.
The retirement fund body plans to launch 'One Employee One EPF Account' system on May 1.
Under the new provision, an EPF subscriber being a member of a co-operative or housing society with at least 10 members can withdraw up to 90 per cent from the fund for purchase of a dwelling house or flat or construction of a dwelling house and acquisition of site.
Generally, most Indians are under-prepared for their post-retirement life. Many middle class private sector employees end up consuming their PF accumulations for variety of other reasons like marriage of their children, medical treatment or purchase of house, etc., says Anil Chopra- Group CEO & Director- Bajaj Capital
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Members can register themselves on the website using any government issued photo identity card and cell no. as passwords.
The EPFO on Friday deferred a decision on interest rate on provident fund deposits for 2010-11 following pressure from trade unions that want rates to be raised to 9.5-10.5 per cent from 8.5 per cent.
The Left parties, however, opposed the privatisation of the Delhi and Mumbai airports.
Over 50 million subscribers of the retirement fund body EPFO can obtain e-passbook along with details of their updated accounts online from Wednesday.
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